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EDS AND DOW JONES TO JOINTLY DESIGN, DEVELOP AND IMPLEMENT INTEGRATED NEWS MANAGEMENT SYSTEM

 DALLAS, Jan. 11 /PRNewswire/ -- EDS today announced the signing of a three-year agreement with Dow Jones & Company, Inc. (NYSE: DJ), publisher of The Wall Street Journal, for the joint development and implementation of an integrated news management system. The system is designed to make a major difference in the way Dow Jones reporters and editors manage information.
 The new system, called the Global News Management System (GNMS), will replace Dow Jones' existing front-end editorial systems that support The Wall Street Journal, its international editions and Barron's magazine. The GNMS scope covers the news gathering and story development process up to the delivery of final text for typesetting.
 Special features of this new system will include its ability to manage, track and report on multiple publications, editions and stories from anywhere in the global network. It also will provide 24-hour digital scanning of all incoming news releases and faxes enabling reporters to easily sift through a vast array of information from their own personal computer.
 EDS' role throughout this project is to provide expertise in the areas of project management, systems integration and development, business work flow consulting, global implementation and training/ documentation.
 "This is a landmark event in the publishing industry," said Toby Tobaccowala, president of EDS' Media Division. "The GNMS will greatly benefit Dow Jones reporters and editors around the world by allowing them to share and manage information across a seamless global network." Tobaccowala noted that Dow Jones had engaged in an intensive two-year review before selecting EDS as the prime contractor.
 Unlike most proprietary or prepackaged industry vendor systems, the GNMS will rely on the integration of standard, off-the-shelf software with several innovative new features that will specifically address the needs of a unique global newspaper such as the Journal. The long-term goal is to create a flexible, "living" client/server architecture that can adapt to emerging and multimedia technologies. This will enable Dow Jones to create new products and services in the future.
 "This relationship is strategic for EDS in many ways," said John R. Harris, group executive of EDS' Communications Industry Group. "First, this is an excellent opportunity for two industry-leading companies to pool their resources on a project that may help to redefine publishing systems as we know them today. Second, this clearly demonstrates EDS' global commitment to client/server, object-oriented and other advanced technologies. It also demonstrates EDS' willingness to go beyond traditional boundaries to help our customers meet their business objectives."
 EDS has operations in more than 30 countries, employs more than 70,000 people, and is the leader in applying information technology to meet the needs of businesses and governments around the globe. Stock reflecting EDS' performance is traded on the New York Stock Exchange under the symbol GME. EDS reported revenues of $8.2 billion in 1992.
 -0- 1/11/94
 /CONTACT: Maxine Levy of EDS, 214-605-6206/
 (GME DJ)


CO: Electronic Data Systems Corporation; Dow Jones & Company, Inc. ST: Texas IN: CPR PUB SU:

SB -- DE024 -- 1064 01/11/94 14:34 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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